Rates

Savings & Checking Account

Account Type Annual % Rate Annual % Yield
Regular Savings1 .05% .05%
Holiday Club or Vacation Club1 .05% .05%
Escrow1 .05% .05%
Checking2 .05% .05%
Reg. IRA Savings1 .20% .20%
Money Market Plus - Variable Rate1 .10% .10%
Money Market Gold - Variable Rate1
Tier 1 Up to $49,999.99 .50% .50%
Tier 2 $50,000 - $99,999.99 .50% .50%
Tier 3 $100,000 - $249,999.99 .70% .70%
Tier 4 $250,000 - $499,999.99 .75% .75%
Tier 5 $500,000 - $999,999.99 .75% .75%
Tier 6 $1,000,000 & Over .75% .75%

*APY=Annual Percentage Yield. 1Variable rate accounts. Rates and terms are subject to change without notice. 2Checking: $2,500 minimum to earn interest. 3Fixed rate accounts. Minimum balance to open and receive rate: $1,000 for regular; $500 for youths. Money Market Plus: Minimum balance required to open and maintain is $2,500. You must maintain a minimum daily balance of $2,500 to obtain the disclosed APY. If the account falls below the required minimum balance, the account will be subject to a below minimum balance fee. Maximum six withdrawals or transfers per month. Money Market Gold: Minimum balance required to open and maintain account is $50,000. Must maintain a minimum daily balance of $50,000 in account to obtain the disclosed APY. Maximum six withdrawals or transfers per month. Tiered-rated account which has several dividend rates that are applicable to specified balance levels. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied.  Membership eligibility applies.

Certificates

Account Type Annual % Rate Annual % Yield
3 - Month 1.00% 1.00%
6 - Month 1.24% 1.25%
9 - Month *Special* 2.47% 2.50%
12 - Month 2.23% 2.25%
16 - Month *Special* 3.20% 3.25%
24 - Month 2.57% 2.60%
36 - Month 2.67% 2.70%
48 - Month 2.76% 2.80%
60 - Month 2.81% 2.85%
IRA SAVINGS - Traditional and Roth1 .20% .20%
*APY=Annual Percentage Yield. 1Variable rate accounts. Rates and terms are subject to change without notice.2Checking: $2,500 minimum to earn interest. 3Fixed rate accounts. Minimum balance to open Certificates $500. Early withdrawal penalties apply. Share account with $1 minimum balance is required. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.

Consumer Loans

Auto

Vehicle Loan (Secured) New Used Fixed Rate APR as Low as
12 - Months 2022+ 2015+ 4.24%
24 - Months 2022+ 2015+ 4.24%
36 - Months 2022+ 2015+ 4.24%
48 - Months 2022+ 2015+ 4.24%
60 - Months 2022+ 2015+ 4.24%
72 - Months 2022+ 2015+ 4.24%
84 - Months 2022+ 2016+ 4.94%
96 - Months 2022+ 2017+ 5.94%
First Time Car Buyer Program 2022+ 2015+ 7.24%
12 - Months (2012 - 2014) 7.64%
24 - Months (2012 - 2014) 7.64%
36 - Months (2012 - 2014) 7.64%
48 - Months (2013 - 2014) 7.64%
60 - Months (2014) 7.64%
First Time Car Buyer Program (Used: 2012 - 2014) 10.24%

Boat & RV

Boat & RV Loan (Secured) New Used Fixed Rate APR as Low as
12 - 48 Months 2022+ 2011+ 4.99%
60 - 72 Months 2022+ 2013+ 5.49%
84 Months 2022+ 2014+ 6.49%
85 - 120 Months 2022+ 2017+ 6.99%
121 - 144 Months 2022+ 2019+ 7.99%
145 - 180 Months 2022+ 2022+ 8.49%

Motorcycle Loans

Motorcycle Loan (Secured) New Used Fixed Rate APR as Low as
60-month max term (new only) 2022+ 4.99%

Unsecured (Personal) Loan

Unsecured (Personal) Loan Fixed Rate APR as Low as
12 - 36 Months 8.49%
48 Months 8.99%
60 Months 9.49%

Shared Secured (Dividend + 3.00%)

Shared Secured (Dividend + 3.00%) Variable Rate APR as Low as
12 - 36 Months 3.25% (12-60 months)

Credit Card

Island Credit Mastercard® Credit Card Fixed Rate APR as Low as Variable Rate APR as Low as
12 - 36 Months 1.95% Introductory for 12 Months* 10.95%

Other

Consumer Credit (Other) Variable Rate APR as Low as
Overdraft Protection Line of Credit 10.00%
Student Choice College Loans Click Here
Student Choice Private Consolidation Loans Click Here

* All rates and terms are subject to change without notice. All offers are subject to credit approval; applicants may be offered credit at a higher rate and other terms. Other conditions may apply. Share account with $1 minimum balance is required. *After the introductory period, the cardholder’s APR will default to the card’s regular non-promotion APR of Prime rate + a margin Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.

Home Equity Loans

Product Fixed Rate APR as Low as Variable Rate APR as Low as
Home Equity Line Of Credit (No Closing Costs3) 4.49% Introductory Rate for 12 months4 Prime Rate 6.25%
Fixed Rate Home Equity Loan+
Product Fixed Rate APR as Low as
12 - 60 Months (No Closing Costs) 5.49%
61 - 120 Months (No Closing Costs) 5.79%
121 - 180 Months (No Closing Costs) 6.39%
181 - 240 Months (No Closing Costs) 6.59%
Fixed-Rate Home Equity Secured Balloon Loan
240 Months 4.00%

Mortgages

Mortgage Rates effective on the date indicated below.**

Product Fixed Rate APR as Low as
Mortgage** Rates Change Daily; Rates/APR as of 09/30/2022
Fixed Rate (refundable lock-in fee available++)
10-Year (60-Day Rate Lock) 6.125%/6.292%
15 Year (60 Day Rate Lock) 6.125%/6.241%
20-Year (60-Day Rate Lock) 6.625%/6.719%
30-Year (60-Day Rate Lock) 6.625%/6.691%
Adjustable Rate Products
1-Year Non-convertible 4.375%/6.513%
3/1 Fixed Period Adjustable 4.500%/6.178%
5/1 Fixed Period Adjustable 4.625%/5.934%
7/1 Fixed Period Adjustable 4.750%/5.760%
10/1 Fixed Period Adjustable 4.875%/5.513%
First Time Home Buyer Programs
Dream It, Achieve It - 100% Financing Available Call for Rates & Details
Cut The Cost Mortgage Let Island help cover your closing cost" Call for Rates & Details
1st Time Homebuyers 3% down Call for Rates & Details
Specialty Products
Heroes Mortgage First Responders, Healthcare Workers, and Teachers save on closing cost Call for Rates & Details
Self Employed & Small Business Owners We make homeownership simple for entrepreneurs Call for Rates & Details
95% Financing for Purchasers 90% Financing for Rate/Term Refinances
97% Financing for Purchasers - 1st Time Homebuyers 90% Financing for Rate/Term Refinances